SunDrive
Latest round
- Series A
Last raised
- Sep 2022
Total raised
- $19M
Investors
- 9
About SunDrive
Based in Australia, SunDrive Solar Pty Ltd focuses on developing and manufacturing high-efficiency solar panels for residential and commercial sectors, contributing to renewable energy initiatives. SunDrive Solar Pty Ltd, founded in 2015 in Sydney, Australia, specializes in solar technology. Founders David Hu and Vince Allen have been instrumental in guiding the company's strategy and growth. SunDrive Solar specializes in the development and manufacturing of high-efficiency solar panels designed for both residential and commercial markets. Their innovative solar technology maximizes energy conversion rates, enabling various users to harness solar energy effectively. The company aims to address the increasing demand for sustainable, cost-effective energy solutions, with products suitable for diverse environmental conditions and markets across North America, Europe, and parts of Asia. SunDrive Solar generates revenue through direct sales and partnerships with installers and distributors. Their transactions primarily involve B2B agreements, selling solar panels to retailers and wholesalers, who then distribute them to end customers. The company's pricing model aligns with industry standards for high-efficiency solar panels, and they offer bulk purchase agreements to streamline installations. Additional revenue is generated through service contracts and warranties, fostering long-term customer relationships. The company has plans to launch new products aimed at enhancing energy efficiency and is targeting expansion into additional markets in North America and Europe by the end of 2024.
Who invested in SunDrive
9 investors across 3 rounds
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Questions about SunDrive
Who invested in SunDrive?
SunDrive has 9 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has SunDrive raised?
SunDrive has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did SunDrive last raise money?
SunDrive's most recent round on record is a Series A, in Sep 2022.
What does SunDrive do?
Based in Australia, SunDrive Solar Pty Ltd focuses on developing and manufacturing high-efficiency solar panels for residential and commercial sectors, contributing to renewable energy initiatives.
Where is SunDrive headquartered?
SunDrive is headquartered in Sydney, Australia.
Which VCs invest in companies like SunDrive?
Among active investors with capital left to deploy, Blackbird, AirTree Ventures, Square Peg and Immutable Ventures back renewable energy companies at SunDrive's stage. Their profiles are linked below.
VCs backing renewable energy startups at Series A
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